According to this article as many as one in every 36 £1 coins could be fake. The figures come as the Royal Mint reveals nearly two million counterfeit £1 coins were returned to them in the last financial year. The Royal Mint is now launching a campaign telling people how to spot fakes. Some signs that you might have a fake coin include a poorly defined ribbed edge and an indistinct design of the Queen. The coin may also be out of alignment. The Queen’s head should be alignment with the pattern on the reverse of the coin when you spin it around. There are various measures used by the banks and the Post Office to take fake coins out of the system before they reach the consumer and it is estimated financial institutions handle more than three billion £1 coins a year. I wonder how many people look that carefully at the £1 coins in their change, I know I probably don’t.